QLD / Banana (S) / 4715 / Biloela

Biloela Property Data December 2021

Updated 15 December 2021

Biloela Property Sales Overview

The median property value in Biloela for December is $271,968.

Houses have increased by 0.71% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 6.81%, from 6.76% in January.

The number of properties sold this quarter is down on last quarter from 78 to 8. This is down on the 5 year quarterly average of 86 indicating weaker demand.

What's the median House price in Biloela in December 2021?

The median property value for houses in Biloela is $271,968.

This is an increase of 0.71% ($270,039) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Biloela?

Rent prices in Biloela are the highest they've been in 12 months at $354.

This is up 14.94% from a 12 month low of $308 in April 2021 and a 2.31% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Biloela?

Rental yields for houses in Biloela is 6.81%.

This is up from a 12 month low of 6.67% in May 2021 and down from a 12 month high of 7.06% in February 2021.

Rental yield looking back 12 months

How many properties sold in Biloela in February?

Total sales volume in Biloela is 8, which is down from 78 in the previous quarter.

This is -20.00% weaker than the weakest quarter in the last 5 years which was Q2 2018 with 10 sales and -77.14% weaker than the strongest quarter in the past 5 years which saw 35 sales in Q3 2021.

Quarterly volume of sales looking back 5 years

How long did it take to sell a property in Biloela in February?

28 days is the average time on market in Biloela in December, which is down from 30 in November and has been trending down since December 2020.

This can indicate a buyers market where sellers are finding it harder to make a sale.

Number of days on market looking back 12 months

Are properties selling below or above the listing price in Biloela?

December sees the vendor expectation error for Biloela at -0.7% which means, on average, places sold for -0.7% less than the listing price.

This is a great sign for buyers looking to negotiate.

It’s worth noting that in a hot market you might want to set your price expectations even higher than the -0.7% as things can move pretty quickly.

Vendor expectation error looking back 12 months
Schedule a Call